Robex Resources Closes Successful Offering to Boost Gold Project in Guinea
In a significant move for the West African mining sector, Robex Resources Inc. has successfully closed its public offering of 16,585,400 common shares, raising an impressive total of million CAD. The shares were priced at .05 each, solidifying the company’s strategic direction as it advances its flagship Kiniero gold project, located in Guinea. This announcement was reported by Africazine, shedding light on a pivotal moment for both the company and the region’s gold production landscape.
Led by SCP Resource Finance LP, the offering not only reflects the market’s confidence in Robex’s future but also highlights the noteworthy potential of the Kiniero project, which is slated to produce its first gold pour by the fourth quarter of 2025. The capital raised will mainly be utilized for accelerating construction and engineering efforts, showcasing Robex’s commitment to fostering sustainable and responsible mining practices.
Matthew Wilcox, the managing director and CEO of Robex, expressed optimism about the funds’ impact on the company’s growth trajectory. “This equity raise will allow us to move forward with Kiniero construction, which is accelerating towards a gold pour later this year. Kiniero will be a transformative project for Robex, and I look forward to seeing it commissioned,” he stated. This forward-thinking approach is set to pave the way for economic benefits in Guinea, underscoring the positive role that mining can play in regional development.
The offering was finalized under a prospectus supplement dated January 23, 2025, clearly showing Robex’s adherence to regulatory standards in Canada and the United States. Notably, this funding round received conditional acceptance from the TSX Venture Exchange, which attests to the company’s solid financial foundation and business practices.
A portion of the proceeds will also be earmarked for general administrative needs and working capital, a decision that will enable Robex to operate smoothly during its growth phase. The company’s commitment to safe, diverse, and responsible operations demonstrates its pledge to not only enhance its production capabilities but to contribute positively to the communities in which it operates.
Robex Resources Inc. stands out as a multijurisdictional gold producer with aspirations to become one of West Africa’s leading mid-tier gold producers. With ongoing operations in Mali and a promising project in Guinea, the company’s future looks bright, illustrating the broader potential of the West African mining industry.
As Robex presses ahead with its ambitious Kiniero project, it underscores the importance of investment in the African mining sector and the potential for these operations to drive sustainable economic growth across the continent.
Stay tuned for further updates as the Kiniero project advances towards its inaugural gold pour!
Tags: #BusinessNews #Mining #GoldProduction #Guinea #Mali #RobexResources #WestAfrica #SustainableDevelopment
